In today’s market session, bears continue to dominate the scene as indicated by the global market cap movements. The total market cap currently stands at $2.34 trillion, showing a 0.3% decrease from the previous period. Additionally, the trading volume sits at $64.2 billion, marking a 3.9% drop over the last 24 hours.
Bitcoin Price Analysis
Bitcoin (BTC) experiences positive price movements in today’s session. A detailed analysis reveals a falling wedge pattern, often considered a bullish reversal signal. The price of Bitcoin seems to be following this pattern, nearing the narrowing end.
Moreover, the Awesome Oscillator (AO) indicates a decrease in negative momentum, suggesting a potential reversal. At the present time, Bitcoin is trading at $64,304, reflecting a 0.5% increase over the past 24 hours.
Ethereum Price Analysis
On the other hand, Ethereum (ETH) fails to show significant gains in today’s session. Upon closer inspection, the Ethereum price is heading towards the middle band after touching the lower band.
The Relative Strength Index (RSI) hovers around 51.64, indicating a neutral position without extreme overbought or oversold conditions. Currently, Ethereum is priced at $3,494, showing a 0.24% increase over the previous 24 hours.
Arweave Price Analysis
Arweave (AR) emerges as one of the top performers in today’s session. The moving averages of the Williams Alligator appear intertwined, suggesting a lack of a clear trend.
Furthermore, the Money Flow Index (MFI) stands at 60.15, indicating a mildly positive influx of money into the asset. At the moment, Arweave is trading at $27.8, marking a 7.02% increase over the last 24 hours.
JasmyCoin Price Analysis
JasmyCoin (JASMY) also shows positive price movements in today’s trading session. A detailed analysis reveals that the JasmyCoin price is below the cloud, which typically indicates a bearish trend.
Additionally, the Woodies Commodity Channel Index displays -22.53, suggesting bearish momentum. Currently, JasmyCoin is valued at $0.02857, reflecting a 3.03% increase over the previous 24 hours.
ORDI Price Analysis
ORDI (ORDI) also records gains in today’s session. Upon thorough analysis, it is observed that the ORDI price is below the Supertrend line, signaling a bearish trend.
The Money Flow Index registers at 54.38, indicating a neutral to slightly positive money flow. At present, ORDI is priced at $40.70, showing a 2.7% increase over the past 24 hours.